11/23/24
May 10, 2005
Giambi considering Yankees' request to go to minors: If the Yankees send Giambi to the minors outright, they would save $37,470.73 in luxury tax for each day his $17,142,857 average salary isn’t included on the payroll of their 40-man roster, which is taxed at 40 percent over the 183-day regular season.
posted by Marla Singer to baseball at 09:20 PM - 10 comments
Quite frankly, I could care less. The Yankees signed him to a stupid contract when they had to know that he was doing something to enhance is performance. The media is going to have a hey day with this. Most non Yankees fans could care less.. It does look like Giambi holds all of the Cards.....
posted by daddisamm at 07:09 AM on May 11, 2005
Players with more than five years of major league service can’t be optioned to the minors without their consent What is the point of this policy? How does this help a team?
posted by bperk at 07:46 AM on May 11, 2005
What is the point of this policy? How does this help a team? I think, pretty clearly, it doesn't help a team. It "helps" an individual player who doesn't want the onus of being sent down. Sadly, a trip to the minors is sometimes just what is needed for someone to help turn it around. It's too bad Giambi can't see that. If Joe Torre told me he thought [x] was a good idea for me, as long as I was a baseball player and [x] pertained to baseball, I'd probably heed his advice.
posted by lil_brown_bat at 08:16 AM on May 11, 2005
Yankees? What are they now last in the AL east. 200 million? Money is no worry for that club it really doesn't matter what Giambi does they're still gonna make their money and suck it up in last. Go Red Sox!!
posted by HitmanTennis at 08:33 AM on May 11, 2005
Hell Go Baltimore. I'm a member of AbtY. Anybody but the Yankees.
posted by HitmanTennis at 08:36 AM on May 11, 2005
Players with more than five years of major league service can’t be optioned to the minors without their consent What is the point of this policy? How does this help a team? However, they can still be released!-If I understand things right?! cause at that point they become a free agent--even though they would get paid by the team that released them. Its happened before...
posted by daddisamm at 09:08 AM on May 11, 2005
This is what I could find on Giambi's contract (on a forum, so don't take it as gospel): 2002: $8.0M (+$17.0M signing bonus paid over 6 years) 2003: $9.0M 2004: $10.0M 2005: $11.0M 2006: $18.0M 2007: $21.0M 2008: $21.0M 2009: Team option $22.0M or $5.0M buyout There is no way in hell even the Yankees could bite that bullet.
posted by dusted at 11:34 AM on May 11, 2005
duted, your figures do make sence. ESPN is saying that he has aroud 80 left on his contract
posted by daddisamm at 12:38 PM on May 11, 2005
Marla, maybe they changed it since you posted this but the headline I see now is a little different and changes the meaning significantly Thanks, they did change the headline on me.
posted by Marla Singer at 01:27 PM on May 11, 2005
Marla, maybe they changed it since you posted this but the headline I see now is a little different and changes the meaning significantly: Giambi unlikely to heed request that he go to minors